RE:They might as well take the company private. Well there is still a path worth trying.
BeWhere can still buy back 4.5 M shares up to May end & bring new NCIB and buy another 5M. Either the price moves above 35c or 10M shares will b cancelled by spending 2.5 to 3.0M
If share price moves above 35c and warrants are exercised, company will have $3.5M in kitty.
If price doesn't move up, company will have 78M shares. The net annual profit for 12 months trailing is about 600K. A 800k to 1M profit will push EPS to 1c and a sustainable stock price in high twenties.
Company can cut cost by right sizing the numbers of officers. A 10M revenue company with no manufacturing or assembly doesn't need 4 C suits officers (CEO, COO, CFO & CTO), 5 VPs